6 days ago
Thailand offers U.S. more concessions to avoid tariff, Bloomberg says
In an effort to avert a 36% export levy threatened by the Trump administration, Thailand is offering greater market access for U.S. farm and industrial goods, along with increased purchases of energy and Boeing (BA) jets, Patpicha Tanakasempipat of Bloomberg reports. Finance Minister Pichai Chunhavajira told Bloomberg News in an interview that Bangkok's latest proposal aims to boost bilaterial trade volume and also reduce Thailand's $46B trade surplus with the U.S. by 70% within the next five years.
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